Solved

A Sample of 33 Companies Was Randomly Selected and Data

Question 22

Multiple Choice

A sample of 33 companies was randomly selected and data collected on the average annual bonus, turnover rate (%) , and trust index (measured on a scale of 0 - 100) .
Using the output below, and a significance level of α = .01, we can conclude that Dependent Variable is Turnover Rate
 Predictor  Coef  SE Coef  T  P  Constant 12.10050.782615.460.000 Trust Index 0.071490.019663.640.001 Average Bonus 0.00072160.00014814.870.000\begin{array} { l r r r r } \text { Predictor } & \text { Coef } & \text { SE Coef } & \text { T } & \text { P } \\ \text { Constant } & 12.1005 & 0.7826 & 15.46 & 0.000 \\ \text { Trust Index } & - 0.07149 & 0.01966 & - 3.64 & 0.001 \\ \text { Average Bonus } & - 0.0007216 & 0.0001481 & - 4.87 & 0.000 \end{array}
S=1.49746RSq=79.6%RSq(adj) =78.3%S = 1.49746 \quad \mathrm { R } - \mathrm { Sq } = 79.6 \% \mathrm { R } - \mathrm { Sq } ( \mathrm { adj } ) = 78.3 \%
Analysis of Variance
 Source  DF  SS  MS  Regression 2262.73131.36 Residual Error 3067.272.24 Total 32330.00\begin{array} { l r r r } \text { Source } & \text { DF } & \text { SS } & \text { MS } \\ \text { Regression } & 2 & 262.73 & 131.36 \\ \text { Residual Error } & 30 & 67.27 & 2.24 \\ \text { Total } & 32 & 330.00 & \end{array}


A) The multiple regression model is significant overall.
B) Trust Index is a significant independent variable in explaining turnover rate.
C) Average Annual Bonus is a significant independent variable in explaining
Turnover rate.
D) The predictor Constant is a significant independent variable in explaining
Turnover rate.
E) All of these.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents